Led by soaring commodities, Wall Street returned from the holiday weekend on a strong note as the Dow climbed nearly 100 points at Tuesday's opening bell.
Today's Markets
As of 9:34 a.m. EDT, the Dow Jones Industrial Average rose 65.82 points, or 0.70%, to 9506.41, the Standard & Poor's 500 climbed 9.42 points, or 0.93%, to 1025.82 and the Nasdaq Composite picked up 19.45 points, or 0.97%, to 2038.19. The consumer-friendly FOX 50 added 7.79 points, or 1.05%, to 750.60.There aren't any major economic or earnings reports set to be released Tuesday so the markets took their cues from steady advances in both Asian and European markets as well as rallying gold and oil prices.
Tuesday also marks the first opportunity for some to react to last week's jobs report, which showed the U.S. unemployment rate climbed in August to a 27-year high. The Dow jumped nearly 100 points on Friday in the face of the dreary data but the index still closed the week down about 1%, snapping a two-week win streak. The markets ran into resistance last week amid fears about the historically-weak month of September and concerns stocks have gotten too far ahead of the economy.
Tuesday also marks the first opportunity for some to react to last week's jobs report, which showed the U.S. unemployment rate climbed in August to a 27-year high. The Dow jumped nearly 100 points on Friday in the face of the dreary data but the index still closed the week down about 1%, snapping a two-week win streak. The markets ran into resistance last week amid fears about the historically-weak month of September and concerns stocks have gotten too far ahead of the economy.
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The Article was Written By Matt Egan(feedback@foxbusiness.com).
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